Bitcoin Stalls at 78K While Prediction Markets Face Legal Crackdown

Welcome to Stock Market Today — your market briefing with actionable insights on stocks, bonds, crypto, and the events moving markets. Let's get into it. Bitcoin treading water at seventy-eight thousand three hundred fifty-eight dollars, backing off Wednesday's failed push toward eighty thousand. Ethereum at two thousand three hundred twenty-five. The rally's hitting resistance at the short-term holder cost basis around eighty thousand one hundred—every time BTC tags that level this cycle, it marks local tops. On-chain profit-taking running at four point four million per hour, triple the threshold that's preceded every peak year-to-date. Spot bitcoin ETFs just pulled two billion in eight consecutive days, longest streak since October. BlackRock's IBIT leading with one sixty-seven million on April twenty-third alone. Those inflows are providing exit liquidity for short-term holders quietly selling into strength. Wisconsin filed lawsuits against Kalshi, Coinbase, Polymarket, Robinhood, and Crypto dot com, arguing prediction markets operate as unlicensed gambling. This joins Nevada and New York challenges, building a record heading to the Supreme Court to decide federal versus state jurisdiction. Arbitrum froze seventy-one million in ETH tied to the KelpDAO exploit—Security Council moved without consulting broader governance. Critics say it undermines code-is-law principles. Defenders argue transparent emergency powers prevented laundering of stolen funds. Intel shares rocketing nineteen percent after earnings beat—data center revenue up seven percent, custom chip business doubled year-over-year. U.S. government sitting on a twenty-six point five billion dollar gain from its Intel stake acquired in the August twenty-twenty-five CHIPS Act deal. Morgan Stanley launched the Stablecoin Reserves Portfolio—a government money market fund designed for stablecoin issuers ahead of potential GENUIS ACT passage. Stablecoin market now three hundred sixteen billion. Japan core inflation accelerated to one point eight percent in March, first increase in five months, driven by Iran war energy costs. WTI crude up forty percent to ninety-six dollars since late February. Stronger yen from potential BOJ rate hikes could unwind carry trades, triggering broader risk-off globally. That wraps your market intel — trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot dot i o.